FINANCIAL MARKET HEADLINES
| MOROCCO | LYDEC | Delisting of Lydec shares
Following the Public Buyout Offer targeting Lydec shares and at the issuer's request, the Casablanca Stock Exchange will pro-ceed to delisting of Lydec shares. This will take effect on December 30th 2022.
ECONOMIC HEADLINES
| MOROCCO | PUBLIC FINANCES | Figures at the end of September 2022
At the end of September 2022, Treasury ordinary revenue jumped by 24.5% to MAD 231.5 Bn. This results from the increase of 19.0% in tax revenue to MAD 193.4 Bn and 69.8% in non-tax revenue to MAD 35.2 Bn.
Overall expenses reached MAD 242.7 Bn up 6.3%, following the 11.5% increase in ordinary expenses to MAD 211.2 Bn and 9.4% in CAPEX to MAD 52.6 Bn. Note that subsidies expenses more than doubled to settle at MAD 31.8 Bn during the same period.
| TUNISIA | FOREIGN TRADE | Widening of the trade deficit at the end of September 2022
According to the National Institute of Statistics, Tunisia's exports jumped by 25.8% at the end of September 2022 to TND 42,285.1 Mn. Likewise, imports rose by 35.0% to TND 61,625.1 Mn. In this context, the trade deficit worsened by 60.7% to TND -19,240.0 Mn, corresponding to a coverage rate of 68.7%. This shows a decrease of 5.0 pts compared to the same period of the previous year.
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